# Oil Market Report - July 2018 - IEA

> The IEA's July 2018 Oil Market Report forecasts 1.4 mb/d of global oil demand growth in both 2018 and 2019. Global supply rose 370 kb/d in June, led by Saudi Arabia and Russia, and OPEC output hit a four-month high. OECD commercial stocks rose by 13.9 mb in May but were still below normal levels.

- Date: 2018-07-11 · published 2018-07-11T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/7770-oil-market-report-july-2018-iea
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Rising supply and a forecast of a surplus in the second half point to softer crude prices, though demand growth and low inventories limit the downside.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2018-07-17 | 5 | -8.9% | -2.9 | The IEA's July 11 report showed June global supply up 370 kb/d with OPEC output at a four-month high and OECD stocks rebuilding, which eased supply-tightness concerns and plausibly contributed to the Brent selloff, though demand growth forecasts were steady and the move likely also reflected other factors such as Libya supply restoration and US-China trade tensions. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-06-17 | [Oil Market Report - June 2025 - IEA](https://feedsoft.ai/events/9612-oil-market-report-june-2025-iea.md) | -9.9% | -6.8% |
| WTI | 2018-11-13 | [Oil Market Report - November 2018 - IEA](https://feedsoft.ai/events/11336-oil-market-report-november-2018-iea.md) | -4.8% | -13.7% |
| WTI | 2019-08-08 | [Oil Market Report - August 2019 - IEA](https://feedsoft.ai/events/10825-oil-market-report-august-2019-iea.md) | +7.9% | +10.0% |
| WTI | 2020-04-15 | [Oil Market Report - April 2020 - IEA](https://feedsoft.ai/events/4479-oil-market-report-april-2020-iea.md) | -32.0% | +25.9% |
| WTI | 2026-01-21 | [Oil Market Report - January 2026 - IEA](https://feedsoft.ai/events/21236-oil-market-report-january-2026-iea.md) | +3.1% | +8.2% |
| BRENT | 2025-06-17 | [Oil Market Report - June 2025 - IEA](https://feedsoft.ai/events/9612-oil-market-report-june-2025-iea.md) | -1.7% | -5.5% |
| BRENT | 2018-11-13 | [Oil Market Report - November 2018 - IEA](https://feedsoft.ai/events/11336-oil-market-report-november-2018-iea.md) | -6.5% | -14.1% |
| BRENT | 2019-08-08 | [Oil Market Report - August 2019 - IEA](https://feedsoft.ai/events/10825-oil-market-report-august-2019-iea.md) | +5.5% | +9.1% |

## Sources

- iea.org: https://www.iea.org/reports/oil-market-report-july-2018

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.